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Monero gives the full block reward to the miners, who are the most critical members of the network who provide this security. Users must be able to trust Monero with their transactions, without risk of error or attack. Some of the important guiding philosophies are listed below. It’s also what the technology stands for. Monero continues to develop with goals of privacy and security first, ease of use and efficiency second. Nearly all improvements have provided improvements to security or privacy, or they have facilitated use. The blockchain was migrated to a different database structure to provide greater efficiency and flexibility, minimum ring signature sizes were set so that all transactions were private by mandate, and RingCT was implemented to hide the transaction amounts. Monero has made several large improvements since launch. This Core Team has provided oversight since. A fallout ensued, and the Monero Core Team forked the project with the community following this new Core Team. The founder, thankful_for_today, proposed some controversial changes that the community disagreed with. See the original Bitcointalk thread here. There was no premine or instamine, and no portion of the block reward goes to development. It was a fair, pre-announced launch of the CryptoNote reference code. Units of Monero cannot be blacklisted by vendors or exchanges due to their association in previous transactions. Monero is fungible because it is private by default. Transactions on the Monero blockchain cannot be linked to a particular user or real-world identity. Sending and receiving addresses as well as transacted amounts are obfuscated by default. Monero provides all the benefits of a decentralized cryptocurrency, without any of the typical privacy concessions. Monero uses ring signatures, ring confidential transactions, and stealth addresses to obfuscate the origins, amounts, and destinations of all transactions. Third-parties do not need to be trusted to keep your Monero safe. Transactions are confirmed by distributed consensus and then immutably recorded on the blockchain. Monero is a decentralized cryptocurrency, meaning it is secure digital cash operated by a network of users. Max supply: infinite Why Monero is different